Working Paper on the new Quarterly Macroeconomic Model

Working Paper No. 32, “QMM: A Quarterly Macroeconomic Model of the Icelandic Economy”, has been published on this website. It describes the Central Bank of Iceland´s new Quarterly Macroeconomic Model, which is used for forecasting and analysis of monetary policy transmission and serves as a key tool in monetary policy-making. The authors are Ásgeir Daníelsson, Lúdvík Elíasson, Magnús F. Gudmundsson, Björn A. Hauksson, Ragnhildur Jónsdóttir, Thorvardur Tjörvi Ólafsson and Thórarinn G. Pétursson.